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March 24, 2025

EUR/USD Gains Momentum Near 1.0850 Ahead of PMI Data

The EUR/USD pair has paused its three-day decline and is trading around 1.0840 during early Asian hours. The uptick is partly attributed to mounting concerns regarding a possible US economic slowdown, influenced by trade policies under the current administration. The market awaits PMI data from both economies, which could sway this currency pair significantly. Traders should be prepared for potential volatility in response to economic releases that may reshape sentiment across the forex space.

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